Tesla Model S News

Tesla announced today plans for its second model, a new electric sedan to be called the Model S. It will be manufactured at a new plant in California, though Tesla did not disclose its location. Neither did the company state a start date for production, but rumors suggest it will begin around 2010. Previous reports claimed the new plant would be built in New Mexico but California’s sales tax exemption on the purchase of manufacturing equipment and grants for training its new employees managed to persuade Tesla managers into choosing it as the best location for the new plant. The new...